Many Investors are interested in stocks which are high dividend paying. The reason is simple. The dividend acts as passive income to Investors. In this article I have listed more than 10 high dividend paying stocks which are also profitable. I have only taken stocks which have market capitalization of less than 1,000 crore.
Below are the list of Stocks along with dividend yield paid by them this year. The list is in Alphabetical order. I have taken penny stocks here as many investors are interested in them . Note penny stocks are risky compared to Large cap stocks.
Allsec technologies limited
This is 700 crore market cap company which has clocked 60 crore profit. The company gives excellent dividend yield of 9.79% at current market price. It is from IT software sector.
Balmer Lawrie Investments
It is Government of India enterprise. This company has market cap of 813 crore and has clocked profit of 105 crore. It gives excellent dividend yield of 8.19% at current market price. I have written detailed article on this company which you can read at this link.
Elcid Investment
This company is very illiquid. You will rarely find seller for this Company but since it makes the dividend cut I have this listed here. It has market cap of .05 crore but the profit is 73 crore. It has paid extraordinary dividend of 537% at current market price. The Company holds shares of Asian Paints and no one is willing to exit their position.
IL&FS Investment Management
Yet another financial sector company with market cap of 232 crore and profit after tax of 12 crore. It has paid 5.43% dividend.
Oswal Green Tech
It pays dividend yield of more than 5% (5.26%). This company has market cap of 730 crore and profit after tax is 45 crore.
PTL Enterprise
The company has market cap of below 500 crore (409). It is profitable company with profit after tax of 27 crore. It has paid dividend yield of more than 6%.
RSWM Limited
With profit after tax of 256 crore it is the highest profit generating company in this list. It has market cap of 700 crore approx. The company paid great dividend of 8.77% which is extraordinary by any means
Shree Digvijay cement
Only cement sector company to be part of this list it has market cap of 948 crore which is highest in this list. Profit after tax for the company is 43 crore. It has paid dividend yield of 5.31%
Standard Industries
The company has more PAT compared to market cap. It has profit after tax of 179 crore and market cap is 175 crore which is low compared to profit it has. It paid dividend yield of 9% which is great and better than fixed deposit.
Steel City Securities
Financial sector stocks or Holding companies have dominated the list. It is yet another company from the sector. It has lowest market cap except Elcid in this list. It has PAT of 12 crore and market cap of 90 crore. It has paid dividend yield of 5%.
Vardhman Acrylic
It is second highest dividend yield company in this list. It has paid dividend yield of 49%. It has market cap of 405 crore and profit after tax is 23 crore.
Below table summarizes the information present in this post you can refer the table.
Name Market Cap Div % PAT Allsec Tech. 700.56 9.79 60.18 Balmer Law. Inv. 818.07 8.14 105.9 Elcid Investment 0.05 537.63 73.15 IL&FS Inv.Manag. 232.06 5.43 12.69 Oswal Green Tech 730.6 5.26 45.21 PTL Enterprises 409.06 6.47 27.01 RSWM Ltd 673.59 8.77 256.05 Sh. Digvijay Cem 948.07 5.31 43.26 Standard Inds. 174.96 9.16 179.27 Steel City Sec. 87.33 5.2 12.8 Vardhman Acrylic 405.83 49.51 23.05